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mumbai real estate

Mumbai_buildings_PTI

Razing Illegal Structures Leaves Buildings Weak

The Bombay High Court has said that illegal constructions in Mumbai must be demolished. Buildings that have unauthorized floors will also lose these floors. Residents who have bought these illegal buildings are worried. However, there is usually a panic among residents whose homes won’t be touched as well. This is because the entire building may […]

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High rise projects in Mumbai

Downfall in Mumbai property rates despite growth in highrise projects

The global economic meltdown has incessantly led to slump in property rates of major cities across the nation, Mumbai, the commercial capital of India, being one of them. However, inspite of rising inventory and steady decline in Mumbai’s real estate market, multi-storeyed projects in the city has witnessed an escalating path. Key developers and builders […]

Rising number of building collapse mar Mumbai’s real estate market

The skyline of India’s financial capital, Mumbai, is dotted with debile buildings, which are likely to endanger the lives of the residents during a strong monsoon. The recent wave of building collapse in Mumbai has reached an alarming rate and has highlighted the number of poorly structured buildings in the city that require immediate attention. […]

Market turns buyer-driven as slowdown hits real estate

From past several months, the real estate sector in India has been witnessing a downtrend, although, it started at different times in different regions. Mumbai property market has been observing slowdown for almost a year, while southern cities like Bangalore and Chennai are witnessing downtrend from the past two quarters. The impact of slowdown has […]

Old cessed buildings in Mumbai promote real estate market

Mumbai’s real estate market is set to take-off with reconstruction of old dwellings, as the city witnesses collapsing of a number of buildings in recent times. Due to the dangers involved for tenants, residing in buildings more than 60 years old (with no repairs), re-construction of such properties has become a mandate especially before monsoons. […]

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